CFTC submits emergency motion to block Kalshi’s election betting contracts
The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order. Go to Source
Jake Chervinsky
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US prediction market Kalshi scores ‘huge win’ against CFTC
US citizens can now reportedly use Kalshi to bet on the upcoming election through derivatives after a judge overturned the CFTC’s decision. However, the CFTC still has the option to appeal. Go to Source
SEC likely still believes SOL is a security, say crypto execs
Many crypto observers may be “overreading” the security regulator’s latest filing for its Binance lawsuit, meaning Solana and other tokens may not be off the hook yet. Go to Source
Solana ETF possible with a change in POTUS, SEC: Balchunas
Two industry pundits believe a change in SEC Chair is needed to even entertain the idea of a spot Solana ETF. Go to Source
The Non-Custodial Conflict: US Government Actions Stir Crypto Community Concerns
Over the past two days, there has been a notable uptick in concern within the crypto community regarding the U.S. government’s actions toward non-custodial wallets, which facilitate the sovereign storage of crypto assets. Recent events have fueled a widespread belief that a targeted campaign against non-custodial wallets is now underway. Debate Over Crypto Wallet Regulation … Read more
Crypto Attorney Jake Chervinsky Explains the Bear Case for a Spot Ether ETF Approval in May
Jake Chervinsky, CLO of Variant, a crypto-focused venture capital firm, explained that he was pessimistic about U.S. regulators approving a spot ether ETF this May. Chervinsky stated that the SEC’s combative attitude, willingness to go to court to fight this kind of approval, and lack of details on the initiative, signaled a bad outcome for … Read more
House Financial Services Committee Advances Bill to Repeal SEC Bulletin Preventing Banks From Offering Crypto Custody Services
The House Financial Services Committee of the U.S. Congress has advanced a resolution that seeks to disavow SEC SAB 121, a bulletin that leaves banks and financial institutions out of the cryptocurrency custody provider market. However, the resolution, advanced with bipartisan support, is unlikely to be passed at a vote on the House floor, according … Read more
‘It would be absurd’ for a US court to rule private NFTs as securities: Lawyer
The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a security. Go to Source Powered by WPeMatico
US crypto regulation happening ‘behind closed doors’ – Blockchain Association CEO
The “work has been done” for stablecoin regulation in the U.S., but many in Washington D.C. are feeling “burned” and “betrayed” over the FTX collapse last year. Go to Source Powered by WPeMatico
Crypto regulation decided by Congress, not the SEC: Blockchain Association
The group’s policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim. Go to Source Powered by WPeMatico
